Drake Community Development Incorporated

Analysis

Drake Community Development Incorporated is a registered charity in United States, based in Battleboro, NC. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Drake Community Development Incorporated reported income of $75k and spending of $72k, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $57k to $75k (+32%), an average of +9.6% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Drake Community Development Incorporated sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within NC. Charities of a similar size with the same main cause include My Friends House ($75k), Abc Thrift Shop Inc ($75k) and The Westbrook Posse Inc ($75k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $26k (37% of expenses). At year end it held assets of $472k against liabilities of $0, net assets of $472k.